Stock Donation FAQ

When is the donation complete for tax purposes? The date a gift is complete for tax purposes possibly determines not only the amount of the donor’s charitable contribution but also the year in which the gift is deemed made. If the donor instructs his or her own agent to have the stock transferred on the books of the issuing corporation to the ownership of the donee organization, the gift is not complete until the transfer takes place—which may be few business days later.

How is the donation amount calculated? Fair market value: For purposes of determining the amount of the donor’s charitable gift, the fair market value of publicly traded securities is generally the average of its high and low trading prices on the date of the transfer into the donee organization’s account (see above for determining date of transfer).

References

Asha for Education is a fully volunteer-run 501(c)(3) non-profit with 66 chapters around the world whose mission is to catalyze socio-economic change in India through the education of underprivileged children. Click here for more details about us.

We work with over 300 projects spread across the length and breadth of India. The projects deal with educational issues from pre-primary schooling to professional education in locations from urban slums to isolated rural areas. Click here to learn more.

You can help us in our mission in a variety of ways. You can join a local chapter, get involved with projects in India at an intimate level with the Asha Stars program, help us with our fundraising efforts, visit a project in India, intern with us or our project partners or Donate! Click here to learn more.